[2banana]

DaimlerChrysler moved to undo the most expensive and one of the least successful mergers in auto industry history Monday as it agreed to essentially pay to dump the money-losing Chrysler unit which it paid $37 billion for nine years ago.

DaimlerChrysler (Charts) announced it will sell an 80 percent stake in its U.S. brand to Cerberus Capital Management, a private equity investment firm that will pay $7.4 billion.

Never has much been lost by so few in so short a time...

[gcruse]

” Never has much been lost by so few in so short a time...’

It makes the airline industry, which as a whole never made a profit in its existence, seem promising.